Two former Parramatta Eels players are accused of harbouring semi-automatic weapons and possessing more than half-a-million dollars in cash after dramatic arrests in Sydney's Centennial Park yesterday.

Resource export earnings tumble in 2014/15

Resource and energy export earnings are expected to have tumbled 11 per cent in 2014/15 to $174 billion, the Department of Industry and Science says.

In its quarterly resources and energy report it expects iron ore earnings to have dropped 27 per cent and coal by seven per cent.

However, export earnings are forecast to increase by 2.2 per cent in 2015/16 due to an expected increase in volumes and an assumed depreciation in the Australian dollar, the department's chief economist Mark Cully says.